ING sees 40% chance of an election, 25% chance of a 'no-deal' Brexit

FILE PHOTO: A man walks past the logo of ING Groep NV at a branch office in Amsterdam, Netherlands January 9, 2014. REUTERS/Toussaint Kluiters//File Photo - Copyright Yves Herman(Reuters)

By Reuters

Published on 13/08/2019 - 10:04•Updated 26/04/2024 - 01:28

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LONDON (Reuters) - ING, one of Europe's largest banks, said on Tuedsay it saw a 25 percent chance of a no-deal Brexit and a 40 percent chance of an election in Britain.

"Deal or no-deal a general election looks increasingly likely," ING economist James Smith said. "There's a 40 percent probability of a general election coupled with an Article 50 extension."